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Wednesday, July 9, 2014

Q8India - Q8India: Change of guard: Modi’s confidante, Amit Shah is new BJP president

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Change of guard: Modi?s confidante, Amit Shah is new BJP president

Amit Shah, who delivered crucial Uttar Pradesh to BJP in the Lok Sabha elections, was on Wednesday appointed party president, marking Gujarat's firm grip over the ruling dispensation after Narendra Modi's elevation as Prime Minister.

Shah, a close and controversial aide of Modi, was appointed to the top post in BJP at a meeting of Parliamentary Board where incumbent Rajnath Singh resigned after a tenure of one-and-a-half years.

The former Minister of State for Home in Gujarat and who faces charges in the Sohrabuddin fake encounter case is largely credited for BJP's stunning performance in UP where it got 71 of the 80 Lok Sabha seats.

The meeting was attended among others by Modi, senior leaders L K Advani, Murli Manohar Joshi, M Venkaiah Naidu, Nitin Gadkari and Sushma Swaraj.

Finance Minister Arun Jaitley, who had to table the pre-Budget Economic Survey in Lok Sabha, joined the press conference where the announcement was made by Singh before all these leaders.

"From now and now on, Amit Shah will be the president of the BJP and lead the party. His appointment was asp proved unanimously," he said flanked by Modi and other leaders.

Shortly after the announcement, Modi and Singh offered sweets to Shah while other leaders including Advani, Joshi, Swaraj and Jaitley gave him bouquets.

As reporters started plying him questions, Shah replied "I will speak later" bringing the brief ceremony to a close.

He (Amit shah) has all the capabilities and management skills required for the strengthening of organisation- HM Rajnath Singh

Deccan Chronicle

 

Q8India - Q8India: KEA eyes Hyderabad for first India store

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KEA eyes Hyderabad for first India store

Swedish furniture retailer IKEA is expected to open its first outlet in India at Hyderabad, and Telangana government has promised to fast-track all necessary clearances as the new state seeks to attract investments. After a meeting with top IKEA executives, Chief Minister K Chandrashekar Rao was quoted as saying all necessary clearances will be given through a single window to expedite the process of opening the store in the city.

A high-level team from the company represented by Juvenico Maeztu, Ikea Indian arm Chief Executive Officer, and Preet Dhupar, Chief Financial Officer, met Rao at Secretariat on July 9, a state government press release said. "He (Maeztu) explained in detail the genesis and growth of the company. The CEO suggested entering into an MoU with Telangana Government to serve as an umbrella for broad understanding," it said. The Sweden-headquartered company, founded in 1943, is one of the world's largest retailers in furniture, household goods and textiles. It was one of the first companies in India to be allowed 100 per cent FDI in retail.

In May last year, the government allowed the Swedish furniture major to invest Rs 10,500 crore for setting up single brand retail stores. "The decision by IKEA to set up its first store in Hyderabad will place the city on the international map of IKEA stores. "IKEA retail outlets have a standard design and each location entails an investment of USD 100 million (Rs 550-600 crore). In addition, the backward integration of supplier linkages will have tremendous economic impact to the State," the release said. During the meeting, women entrepreneur groups, bamboo and wood artisans, carpet makers were identified as potential suppliers to IKEA's store, it added.

Deccan Chronicle

 

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